“Vietnam is China 15 years ago,” said EMA managing director Lawrence Lepard. “The government has embraced capitalism, GDP growth has been 8% plus over the last decade and is expected to continue for another 10-15 years.”

Giang Lam, managing director of the fund, said the recent market correction in Vietnam has “uncovered some wonderfully rare growth opportunities and we are excited to be investing in Vietnam at such an exciting time.”